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Pensacola L & N

Pensacola, FL · Charter 7259

NCUA · 1 branch

Q3 2018

$7.6MAssets
$4.9MLoans
$6.1MShares
$1.4MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of -0.85%, down 105 bps year over year; NIM at 4.39%.
  • Asset quality: problem loans at 1.80% of loans (-36 bps YoY).
  • Capital: net worth / assets of 18.54%, up 1 bps from a year ago.
  • Funding: loans stand at 80.40% of shares as of Q3 2018.

Financial Results

Return on Assets (quarter, annualized)

-0.85%-105 bps YoY

Net Interest Margin (quarter, annualized)

4.39%-23 bps YoY

Efficiency Ratio (quarter, annualized)

90.75%-107 bps YoY

Net Worth / Assets

18.54%+1 bps YoY

Discrete quarter, annualized.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets0.20%0.09%-1.83%-1.69%-0.85%-105 bps
Return on Equity1.07%0.51%-10.32%-9.69%-4.61%-568 bps
Net Interest Margin4.62%4.55%4.13%4.18%4.39%-23 bps
Efficiency Ratio91.81%93.88%97.01%98.16%90.75%-107 bps
Growth
Asset Growth (YoY)2.81%4.43%-2.19%-1.45%-4.07%-688 bps
Loan Growth (YoY)-4.38%-6.36%-6.31%-7.78%-7.55%-317 bps
Share Growth (YoY)3.23%4.48%-2.15%0.33%-3.15%-638 bps
Asset Quality
Delinquent Loans / Loans2.16%1.63%1.67%1.14%1.80%-36 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.57%0.57%0.66%1.25%1.25%+68 bps
Capital
Risk-Based Capital18.52%18.32%17.73%17.46%18.54%+1 bps
Net Worth / Assets18.52%18.32%17.73%17.46%18.54%+1 bps
Liquidity & Funding
Loans / Shares84.23%80.46%76.72%75.40%80.40%-383 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps